Author: Ifetayo Adeniyi

Telcos adjust investments to match data demand Telcos Telcos adjust investments to match data demand. MTN Nigeria Communications Plc and Airtel Africa have ramped up core capital expenditure to match high data usage in the country. The Nigerian Communications Commission (NCC) reported in February that monthly internet usage soared by 93.35 percent to an all-time high of 1,000,930.6 terabytes (TB) in January 2025 from 517,670.15 TB in January 2023. This surge has been fuelled by the increased adoption of digital services, especially streaming and social media platforms. “Social media and streaming content have been crucial in driving data consumption,” said…

LEDU: Lagos reveals 2025 update, focuses on resilience development Sanwo-Olu Babajide Lagos reveals 2025 update, focuses on resilience development. The Lagos State Government through the Ministry of Economic Planning and Budget (MEPB), has unveiled the 2025 Lagos Economic Development Update (LEDU), highlighting strategies for economic resilience, fiscal sustainability, and revenue mobilisation. Speaking at the presentation of the report on Wednesday, Ope George, the commissioner for MEPB, emphasised that the 2025 LEDU provides critical insights to guide policy decisions. He reiterated the state’s commitment to fiscal sustainability, economic diversification, and infrastructure development, aligning with Governor Babajide Sanwo-Olu’s ‘Budget of Sustainability.’ “Themed…

National Theatre: CBN, Bankers Committee open opportunity for lenders National Theatre CBN and Bankers Committee have opened opportunity for lenders. The ongoing renovation of the National Theatre, now nearing completion, has been identified as a strategic opportunity for financial institutions to invest and support the Federal Government’s vision of a $1 trillion economy. The Central Bank of Nigeria (CBN) and the Bankers Committee last week visited the National Theatre, and reiterated commitment towards achieving the goals. The National Arts Theatre, built approximately 48 years ago, stands as one of Nigeria’s most iconic landmarks. Analysts believe the project will open financing…

Sterling Bank Hosts Zuriel, Youngest Nobel Nominee to Inspire New Generation of Leaders Zuriel Oduwole Sterling Bank Hosts Zuriel, Youngest Nobel Nominee to Inspire New Generation of Leaders Imagine being nine years old and already telling stories that move nations. By the time she was 12, she had sat across from presidents and prime ministers, asking the questions that mattered. Zuriel Oduwole, global filmmaker, education advocate, and the youngest nominee for the Nobel Peace Prize, is coming to Lagos to inspire a new generation of fearless leaders. On March 14, 2025, Sterling Bank will host the latest edition of its…

Katsina Gives Consent for Construction of N4.3bn Pharmaceutical Factory Commissioner for Health, Katsina Musa Adamu-Funtua Katsina gives consent to for construction of N4.3bn Pharmaceutical Factory • This is an upward review for standardization purpose. The Katsina State Executive Council has approved the upward review of the contract for the construction and equipping of a pharmaceutical production factory at the General Amadi Rimi Specialist Hospital (GARSH). The state Commissioner for Health, Musa Adamu-Funtua, revealed this while briefing journalists at the Government House shortly after the state executive council meeting on Wednesday. He explained that the initial contract sum of N1,689,198,074.42 has…

Ned Nwoko to tackle oil theft, renders support for local refiners Ned Nwoko Ned Nwoko to tackle oil theft, renders support for local refiners Chairman of the Senate Ad-Hoc Committee on Crude Oil Theft, Senator Ned Nwoko (APC, Delta North), has assured that his committee will develop lasting solutions to address oil theft while supporting skilled local refiners. He emphasized that the Senate’s approach would be inclusive and solution-driven rather than punitive. Speaking in Abuja after a meeting with the Host Communities Producing Oil, Gas, and Pipeline-Impacted States Youth Council of Nigeria (HOSTCONYCN), led by National President Comrade Emmanuel Fiawei…

Otunba Gbenga Daniel to be Honoured with Dubai People’s Choice Legislative Excellence Award Otunba Gbenga Daniel Otunba Gbenga Daniel to be Honoured Dubai People’s Choice Legislative Excellence Award To recognize his governance efforts, Otunba Daniel Olugbenga, of Ogun East Senatorial District, has been selected to receive the Dubai People’s Choice Legislative Excellence Award. According to correspondence dated March 3, the senator has been nominated and invited to attend the award ceremony scheduled for June 6, in Dubai, United Arab Emirates. The event is described as “a global platform for recognition and engagement” that will bring together policymakers, government officials, business…

Lagos ranks as Africa’s second-largest city economy, achieves GDP of $259 billion Lagos ranks as Africa’s second-largest city economy, achieves GDP of $259 billion Lagos state has cemented its position as one of Africa’s economic powerhouses, with its Gross Domestic Product (GDP) reaching an impressive $259 billion based on purchasing power parity (PPP). This milestone places Lagos as the second-largest economy on the continent, trailing only Cairo, Egypt. This was made known during the official launch of the Lagos Economic Development Update (LEDU) 2025 on Wednesday. According to the report, the state ranks as Africa’s second-largest city economy by purchasing…

FG, 18 months after recall, vets candidates for ambassadorial appointments President Bola Tinubu FG, 18 months after recall, vets candidates for ambassadorial appointments. Nearly two years after President Bola Tinubu recalled all ambassadors, their replacements are expected to be announced “very soon”. Citing sources familiar with the development, Reuters reports that the federal government has commenced the vetting of potential candidates. An intelligence official added that background checks were being conducted on possible appointees, with information garnered from the screening shared with relevant agencies within the presidency and legislature. Tinubu recalled all career and non-career ambassadors in September 2023, barely…

Tinubu, Obasa, Meranda, Others At Aso Rock For Close-Door Meeting President Bola Tinubu is currently meeting with the Speaker of the Lagos State House of Assembly, Mudasiru Obasa, and other lawmakers from the state. According to The Punch, the lawmakers were spotted arriving in a Coaster bus a few minutes past 2:00 pm (local time) on Wednesday, after which security officials ushered them into the President’s office complex. While Mojisola Meranda, who was recently elected Speaker, arrived with her colleagues, Mr Obasa arrived separately at about 3:00 pm.